Centrica Share Discussion Threads

[ammu12] 27/7/2020 07:59

I don't think we have got any recent broker update but I am expecting some soon!!

[g2theary] 27/7/2020 06:10

Can anyone post the broker update :)

[poikka] 26/7/2020 21:03

My guess is that this could make 60p, but I've got a big slug of it already. Think I'll hold.

[bookbroker] 26/7/2020 20:18

Hence the fact that theoretically received a considerably higher price than market concensus.

[bookbroker] 26/7/2020 20:17

Not sure what debt Direct Energy has, they have held the asset for some time, I’d imagine it was relatively low against the general concensus that it will remove the overall net debt load considerably.

[the canadian mounted] 26/7/2020 19:44

They are selling the assets for 2.85 billion sterling.this will cut debt and reduce pension deficit.it releases them from overstretching the business
Something first group is desperately trying to do
It’s an excellent deal valued higher than market estimates

[careful] 26/7/2020 19:09

I think there may be confusion over this deal.
Centrica are selling the assets debt free and keeping th company's debt.

A bit like a buy to let investor selling one of his houses at market value.
..but he has some debt that he originally bought it with.

Still assessed to be a great move by those who understand the details,
it releases cash.

[ammu12] 26/7/2020 18:37

It's been dubbed as super deal.....In the current climate getting 800m more than the value shown in the books...

[the canadian mounted] 26/7/2020 18:31

Excellent deal

[bookbroker] 26/7/2020 13:45

Ian Conn was what his name suggests, irrespective of taking on an impossible task, he was still paid royally when shareholders were pummelled.

[ammu12] 26/7/2020 11:54

Mr O'Shea said that the "super" deal was "a fundamental step in the turnaround of Centrica",

[mroalan] 26/7/2020 11:40

Directors at gas giant Centrica have been paid more than £30 million while they presided over the company’s “plummeting“ share price, a union is claiming.

The GMB said its research showed that since 2015 shares have fallen in value from 271p to just over 47p.

Over the same period, top directors have been paid an “astonishing” £31 million, while cutting thousands of jobs, the union said.


The great conn eh?mro.

[mroalan] 26/7/2020 11:25

is the deal a done deal?

[ammu12] 26/7/2020 10:57

"Super deal" I totally agree it's an amazing deal in the current climate...

[ammu12] 26/7/2020 10:07

Looking good for next week.We should see a rerate here next week

[skinny] 26/7/2020 09:09

.

"Mr O’Shea said that the “super” deal was “a fundamental step in the turnaround of Centrica”, which has lost more than 80 per cent of its value in the past five years and recently was demoted to the FTSE 250 share index. It would enable Centrica to focus on the UK and Ireland, where it had “superb businesses, great colleagues and a very strong market position. I believe that the more you can focus, the better your results can be.”

Hargreaves Lansdown's take .

[bookbroker] 26/7/2020 08:19

Why? I’d say there may be some fresh broker notes issued that might the price a boost, but knowing this market they may settle it back, depends as much on overall market sentiment which appears to be weakening.

[philmac56] 26/7/2020 05:30

Quite possible we will see some travel & airline funds pumped in here on Monday!!
Gla

[bookbroker] 25/7/2020 17:40

The only thing that will cause trouble ahead is the collapse of fiat money, and the implosion of the global debt bubble. We will still need heat for the oncoming winter, and this company is working hard to makes itself a far more investable proposition with a cleaned up balance sheet. When this is sorted it will be a fearsome competitor!

[ammu12] 25/7/2020 17:18

Second wave of coronavirus can cause trouble ahead. Isn't that true for every share ? What kinda stupid write up is that lol...

[the canadian mounted] 25/7/2020 15:51

Surprised with motley fool, certainly living up to the fool part

[ammu12] 25/7/2020 15:45

Decent buys after close. Gap up Monday

[the canadian mounted] 25/7/2020 11:18

Really surprised it closed under 50p
But thanks for the opportunity to grab mine cheap